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Ann: Chairman & CEO AGM Address, page-74

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plough

23,765 Posts.

258

29/11/16

15:38

Post #: 20968025
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Originally posted by junior101 ↑

Before you reply...Cmon...have you taken into consideration that
AKK ..internal rate of return calculations took into account..deductions for

1. Royalty of 25%
2.Severance Tax..2%
3.Well operation costs of $3000/month..

Do not forget that any of the Big 4 Aussie Banks would kill
for the projected IRR for these wells..given that the Banks
generally look at around 30%IRR..at best..
as being the yardstick for shareholder return..within a constrained
Financial environment..etc.

Cheers

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Are you sure the royalty was taken into account , from memory in their last presentation I think they excluded royalty from the calculation

AKK Price at posting: 0.6¢ Sentiment: None Disclosure: Held
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0 Great analysis

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